Listing ID : MP208REQUEST DETAILS
Sold by Cyrus Brokers R5,500,000 - Excl Property
BEFORE RESPONDING TO THIS ADVERT PLEASE BE INFORMED THAT NEITHER CYRUS NOR THE SELLER WILL ENTERTAIN, RESPOND or COMMUNICATE FURTHER WITH YOU IN RESPECT TO THIS ADVERT UNLESS YOU COMPLY WITH or EXCEED THE REQUIREMENTS AS INDICATED HERE UNDER. Sold by Cyrus Brokers Caltex Petrol Station with C-Store – Mpumalanga, property excluded. No BEE requirements, open to all races. The Franchisor will be undertaking a total revamp of the forecourt and shop, opening in September 2019 so hurry. The revamp will entail a new canopy, new pump islands, modern multi product dispensers and new signage, convenience store will form part of the revamp, which cost will be for the Franchisor. The historical volumes for the site was circa 200kl per month. The volumes, after the revamp and rebranding of the site, is expected to increase to circa 240kl – 300kl per month. The turnover of the convenience store is currently R200,000 per month. After the revamp by the Franchisor, the turnover is expected to increase to circa R400,000 per month. The property has a solar power supply system with a capacity of 33 Kilowatt. This installation reduces the electrical consumption and the municipal account by circa R 7,500 per month. The site also has a 100Kva generator that is of a capacity large enough to service the needs of the entire property and its businesses, in the event of Municipal power failure. Lease agreement is 15 years. Selling price R 5,5 mil excluding stock @ cost R 1,5 mil. The TOTAL Funding needed to acquire this Business is R 7,0 million CASH. A candidate will show and provide proof of the necessary cash funds to pay the monies associated with this transaction. The Seller has insisted that only CASH BUYERS will be considered. PLEASE NOTE :- NO INQUIRY will be entertained UNLESS you MEET the above Criteria. Due to the popularity of this listing, the overwhelming responses and daily avalanche of emails and voice messages thereto, you will be required to complete our Non Disclosure Agreement and to provide us with “proof of cash” from your bank or financial institution for you to be privy to any information financial or otherwise.
Interested in this Business
NO information financial or otherwise on any of our listings will be made available to prospective buyers unless they fully comply with the following;
- Cyrus Business & Property Brokers mandated with the sale of this opportunity was specifically requested by the Seller not to divulge any information pertaining to what is being sold under this listing prior to obtaining proof of funds from your financial institution (bank), auditor or lawyer;
- Due to the popularity of this listing, the overwhelming responses and daily avalanche of emails and voice messages thereto, you will be required to register as a buyer, complete our Non Disclosure Agreement and provide us with “proof of funds” from your bank or financial institution for you to be privy to any information financial or otherwise;
- Upon receipt of your Non-Disclosure Agreement and proof of funds, you must be prepared to visit us, we want to meet you in person, where after all information will be conveyed without delay.
Confidentiality Information and Viewing
The Seller/Owner desires to maintain the confidentiality of information financial or otherwise of their business and does not want their competitors, employees, suppliers, customers, and others to know they are selling their business. It is thus extremely important that the business is protected from this at all times and can only be viewed by appointment through Cyrus Business & Property Brokers.
All information has been provided by the seller and needs to be re-verified by the seller. Cyrus Business & Property Broker makes no representation to its accuracy and does not certify or make any warranties of any of the information provided and have not verified any information. It is strongly advised that you and/or your accountant review all information and do your due diligence before the closing. Information is subject to change without notice.